Tex. Natural Resources Code § 102.015
This is the official text of Tex. Natural Resources Code § 102.015, part of Texas’s Natural Resources Code — governs land, minerals, and natural resource management.
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§ 102.015. PROHIBITED PROVISIONS IN OPERATING AGREEMENT.
Official statutory text
A pooling agreement, offer to pool, or pooling order is not considered fair and reasonable if it provides for an operating agreement containing any of the following provisions:
(1) preferential right of the operator to purchase mineral interests in the unit;
(2) a call on or option to purchase production from the unit;
(3) operating charges that include any part of district or central office expense other than reasonable overhead charges; or
(4) prohibition against nonoperators questioning the operation of the unit.
(1) preferential right of the operator to purchase mineral interests in the unit;
(2) a call on or option to purchase production from the unit;
(3) operating charges that include any part of district or central office expense other than reasonable overhead charges; or
(4) prohibition against nonoperators questioning the operation of the unit.
Status: in_force · Read it on the official government site
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